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Printable 1040ez Federal Tax Form

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Printable 1040ez Federal Tax Form

Printable 1040ez federal tax form 4. Printable 1040ez federal tax form   Underpayment Penalty for 2013 Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: General RuleFarmers and fishermen. Printable 1040ez federal tax form Higher income taxpayers. Printable 1040ez federal tax form Minimum required for higher income taxpayers. Printable 1040ez federal tax form Estate or trust payments of estimated tax. Printable 1040ez federal tax form Lowering or eliminating the penalty. Printable 1040ez federal tax form ExceptionsLess Than $1,000 Due No Tax Liability Last Year Figuring Your Required Annual Payment (Part I) Short Method for Figuring the Penalty (Part III) Regular Method for Figuring the Penalty (Part IV)Figuring Your Underpayment (Part IV, Section A) Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Annualized Income Installment Method (Schedule AI) Farmers and Fishermen Waiver of PenaltyFarmers and fishermen. Printable 1040ez federal tax form Introduction If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have underpaid your estimated tax and may have to pay a penalty. Printable 1040ez federal tax form You may understand this chapter better if you can refer to a copy of your latest federal income tax return. Printable 1040ez federal tax form No penalty. Printable 1040ez federal tax form   Generally, you will not have to pay a penalty for 2013 if any of the following apply. Printable 1040ez federal tax form The total of your withholding and timely estimated tax payments was at least as much as your 2012 tax. Printable 1040ez federal tax form (See Special rules for certain individuals for higher income taxpayers and farmers and fishermen. Printable 1040ez federal tax form ) The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Printable 1040ez federal tax form Your total tax for 2013 (defined later) minus your withholding is less than $1,000. Printable 1040ez federal tax form You did not have a tax liability for 2012. Printable 1040ez federal tax form You did not have any withholding taxes and your current year tax (less any household employment taxes) is less than $1,000. Printable 1040ez federal tax form IRS can figure the penalty for you. Printable 1040ez federal tax form   If you think you owe the penalty, but you do not want to figure it yourself when you file your tax return, you may not have to. Printable 1040ez federal tax form Generally, the IRS will figure the penalty for you and send you a bill. Printable 1040ez federal tax form   You only need to figure your penalty in the following three situations. Printable 1040ez federal tax form You are requesting a waiver of part, but not all, of the penalty. Printable 1040ez federal tax form You are using the annualized income installment method to figure the penalty. Printable 1040ez federal tax form You are treating the federal income tax withheld from your income as paid on the dates actually withheld. Printable 1040ez federal tax form However, if these situations do not apply to you, and you think you can lower or eliminate your penalty, complete Form 2210 or Form 2210-F and attach it to your return. Printable 1040ez federal tax form See Form 2210 , later. Printable 1040ez federal tax form Topics - This chapter discusses: The general rule for the underpayment penalty, Special rules for certain individuals, Exceptions to the underpayment penalty, How to figure your underpayment and the amount of your penalty on Form 2210, and How to ask the IRS to waive the penalty. Printable 1040ez federal tax form Useful Items - You may want to see: Form (and Instructions) 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen See chapter 5 for information about getting these forms. Printable 1040ez federal tax form General Rule In general, you may owe a penalty for 2013 if the total of your withholding and timely estimated tax payments did not equal at least the smaller of: 90% of your 2013 tax, or 100% of your 2012 tax. Printable 1040ez federal tax form (Your 2012 tax return must cover a 12-month period. Printable 1040ez federal tax form ) Your 2013 tax, for this purpose, is defined under Total tax for 2013 , later. Printable 1040ez federal tax form Special rules for certain individuals. Printable 1040ez federal tax form   There are special rules for farmers and fishermen and certain higher income taxpayers. Printable 1040ez federal tax form Farmers and fishermen. Printable 1040ez federal tax form   If at least two-thirds of your gross income for 2012 or 2013 is from farming or fishing, substitute  662/3% for 90% in (1) above. Printable 1040ez federal tax form   See Farmers and Fishermen , later. Printable 1040ez federal tax form Higher income taxpayers. Printable 1040ez federal tax form   If your AGI for 2012 was more than $150,000 ($75,000 if your 2013 filing status is married filing a separate return), substitute 110% for 100% in (2) under General Rule . Printable 1040ez federal tax form This rule does not apply to farmers or fishermen. Printable 1040ez federal tax form   For 2012, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. Printable 1040ez federal tax form Penalty figured separately for each period. Printable 1040ez federal tax form   Because the penalty is figured separately for each payment period, you may owe a penalty for an earlier payment period even if you later paid enough to make up the underpayment. Printable 1040ez federal tax form This is true even if you are due a refund when you file your income tax return. Printable 1040ez federal tax form Example. Printable 1040ez federal tax form You did not make estimated tax payments for 2013 because you thought you had enough tax withheld from your wages. Printable 1040ez federal tax form Early in January 2014, you made an estimate of your total 2013 tax. Printable 1040ez federal tax form Then you realized that your withholding was $2,000 less than the amount needed to avoid a penalty for underpayment of estimated tax. Printable 1040ez federal tax form On January 10, you made an estimated tax payment of $3,000, which is the difference between your withholding and your estimate of your total tax. Printable 1040ez federal tax form Your final return shows your total tax to be $50 less than your estimate, so you are due a refund. Printable 1040ez federal tax form You do not owe a penalty for your payment due January 15, 2014. Printable 1040ez federal tax form However, you may owe a penalty through January 10, 2014, the day you made the $3,000 payment, for your underpayments for the earlier payment periods. Printable 1040ez federal tax form Minimum required each period. Printable 1040ez federal tax form   You will owe a penalty for any 2013 payment period for which your estimated tax payment plus your withholding for the period and overpayments applied from previous periods was less than the smaller of: 22. Printable 1040ez federal tax form 5% of your 2013 tax, or 25% of your 2012 tax. Printable 1040ez federal tax form (Your 2012 tax return must cover a 12-month period. Printable 1040ez federal tax form ) Minimum required for higher income taxpayers. Printable 1040ez federal tax form   If you are subject to the rule for higher income taxpayers, discussed above, substitute 27. Printable 1040ez federal tax form 5% for 25% in (2) under General Rule . Printable 1040ez federal tax form When penalty is charged. Printable 1040ez federal tax form   If you miss a payment or you paid less than the minimum required in a period, you may be charged an underpayment penalty from the date the amount was due to the date the payment is made. Printable 1040ez federal tax form If a payment is mailed, the date of the U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form postmark is considered the date of payment. Printable 1040ez federal tax form   If a payment is made electronically, the date the payment is shown on your payment account (checking, savings, etc. Printable 1040ez federal tax form ) is considered to be the date of payment. Printable 1040ez federal tax form Estate or trust payments of estimated tax. Printable 1040ez federal tax form   If you have estimated taxes credited to you from an estate or trust (Schedule K-1 (Form 1041)), treat the payment as made by you on January 15, 2014. Printable 1040ez federal tax form Amended returns. Printable 1040ez federal tax form    If you file an amended return by the due date of your original return, use the tax shown on your amended return to figure your required estimated tax payments. Printable 1040ez federal tax form If you file an amended return after the due date of the original return, use the tax shown on the original return. Printable 1040ez federal tax form   However, if you and your spouse file a joint return after the due date to replace separate returns you originally filed by the due date, use the tax shown on the joint return to figure your required estimated tax payments. Printable 1040ez federal tax form This rule applies only if both original separate returns were filed on time. Printable 1040ez federal tax form 2012 separate returns and 2013 joint return. Printable 1040ez federal tax form    If you file a joint return with your spouse for 2013, but you filed separate returns for 2012, your 2012 tax is the total of the tax shown on your separate returns. Printable 1040ez federal tax form You filed a separate return if you filed as single, head of household, or married filing separately. Printable 1040ez federal tax form 2012 joint return and 2013 separate returns. Printable 1040ez federal tax form    If you file a separate return for 2013, but you filed a joint return with your spouse for 2012, your 2012 tax is your share of the tax on the joint return. Printable 1040ez federal tax form You are filing a separate return if you file as single, head of household, or married filing separately. Printable 1040ez federal tax form   To figure your share of the taxes on a joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2012 using the same filing status as for 2013. Printable 1040ez federal tax form Then multiply the tax on the joint return by the following fraction. Printable 1040ez federal tax form   The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Printable 1040ez federal tax form Lisa and Paul filed a joint return for 2012 showing taxable income of $49,000 and a tax of $6,484. Printable 1040ez federal tax form Of the $49,000 taxable income, $41,000 was Lisa's and the rest was Paul's. Printable 1040ez federal tax form For 2013, they file married filing separately. Printable 1040ez federal tax form Lisa figures her share of the tax on the 2012 joint return as follows. Printable 1040ez federal tax form 2012 tax on $41,000 based on a separate return $ 6,286 2012 tax on $8,000 based on a  separate return 803 Total $ 7,089 Lisa's percentage of total tax  ($6,286 ÷ $ 7,089) 88. Printable 1040ez federal tax form 67% Lisa's part of tax on joint return ($6,484 × 88. Printable 1040ez federal tax form 67%) $ 5,749 Form 2210. Printable 1040ez federal tax form   In most cases, you do not need to file Form 2210. Printable 1040ez federal tax form The IRS will figure the penalty for you and send you a bill. Printable 1040ez federal tax form If you want us to figure the penalty for you, leave the penalty line on your return blank. Printable 1040ez federal tax form Do not file Form 2210. Printable 1040ez federal tax form   To determine if you should file Form 2210, see Part II of Form 2210. Printable 1040ez federal tax form If you decide to figure your penalty, complete Part I, Part II, and either Part III or Part IV of the form and the Penalty Worksheet in the Instructions for Form 2210. Printable 1040ez federal tax form If you use Form 2210, you cannot file Form 1040EZ. Printable 1040ez federal tax form   On Form 1040, enter the amount of your penalty on line 77. Printable 1040ez federal tax form If you owe tax on line 76, add the penalty to your tax due and show your total payment on line 76. Printable 1040ez federal tax form If you are due a refund, subtract the penalty from the overpayment and enter the result on line 73. Printable 1040ez federal tax form   On Form 1040A, enter the amount of your penalty on line 46. Printable 1040ez federal tax form If you owe tax on line 45, add the penalty to your tax due and show your total payment on line 45. Printable 1040ez federal tax form If you are due a refund, subtract the penalty from the overpayment and enter the result on line 42. Printable 1040ez federal tax form Lowering or eliminating the penalty. Printable 1040ez federal tax form    You may be able to lower or eliminate your penalty if you file Form 2210. Printable 1040ez federal tax form You must file Form 2210 with your return if any of the following applies. Printable 1040ez federal tax form You request a waiver. Printable 1040ez federal tax form See Waiver of Penalty , later. Printable 1040ez federal tax form You use the annualized income installment method. Printable 1040ez federal tax form See the explanation of this method under Annualized Income Installment Method (Schedule AI) . Printable 1040ez federal tax form You use your actual withholding for each payment period for estimated tax purposes. Printable 1040ez federal tax form See Actual withholding method under Figuring Your Underpayment (Part IV, Section A). Printable 1040ez federal tax form You base any of your required installments on the tax shown on your 2012 return and you filed or are filing a joint return for either 2012 or 2013, but not for both years. Printable 1040ez federal tax form Exceptions Generally, you do not have to pay an underpayment penalty if either: Your total tax is less than $1,000, or You had no tax liability last year. Printable 1040ez federal tax form Less Than $1,000 Due You do not owe a penalty if the total tax shown on your return minus the amount you paid through withholding (including excess social security and tier 1 railroad retirement (RRTA) tax withholding) is less than $1,000. Printable 1040ez federal tax form Total tax for 2013. Printable 1040ez federal tax form   For 2013, your total tax on Form 1040 is the amount on line 61 reduced by the following. Printable 1040ez federal tax form    Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Printable 1040ez federal tax form Any tax included on line 58 for excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts, or any tax on excess accumulations in qualified retirement plans. Printable 1040ez federal tax form The following write-ins on line 60: Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance, Tax on excess golden parachute payments, Excise tax on insider stock compensation from an expatriated corporation, Look-back interest due under section 167(g), Look-back interest due under section 460(b), Recapture of federal mortgage subsidy, and Additional tax on advance payments of health coverage tax credit when not eligible. Printable 1040ez federal tax form Any refundable credit amounts listed on lines 64a, 65, 66, 70, and any credit from Form 8885 included on line 71. Printable 1040ez federal tax form   If you filed Form 1040A, your 2013 total tax is the amount on line 35 reduced by any refundable credits on lines 38a, 39, and 40. Printable 1040ez federal tax form   If you filed Form 1040EZ, your 2013 total tax is the amount on line 10 reduced by the amount on line 8a. Printable 1040ez federal tax form Note. Printable 1040ez federal tax form When figuring the amount on line 60, include household employment taxes only if you had federal income tax withheld from your income or you would owe the penalty even if you did not include those taxes. Printable 1040ez federal tax form Paid through withholding. Printable 1040ez federal tax form    For 2013, the amount you paid through withholding on Form 1040 is the amount on line 62 plus any excess social security or tier 1 RRTA tax withholding on line 69. Printable 1040ez federal tax form Add to that any write-in amount on line 72 identified as “Form 8689. Printable 1040ez federal tax form ” On Form 1040A, the amount you paid through withholding is the amount on line 36 plus any excess social security or tier 1 RRTA tax withholding included on line 41. Printable 1040ez federal tax form On Form 1040EZ, it is the amount on line 7. Printable 1040ez federal tax form No Tax Liability Last Year You do not owe a penalty if you had no tax liability last year and you were a U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form citizen or resident for the whole year. Printable 1040ez federal tax form For this rule to apply, your tax year must have included all 12 months of the year. Printable 1040ez federal tax form You had no tax liability for 2012 if your total tax was zero or you were not required to file an income tax return. Printable 1040ez federal tax form Example. Printable 1040ez federal tax form Ray, who is single and 22 years old, was unemployed for a few months during 2012. Printable 1040ez federal tax form He earned $6,700 in wages before he was laid off, and he received $1,400 in unemployment compensation afterwards. Printable 1040ez federal tax form He had no other income. Printable 1040ez federal tax form Even though he had gross income of $8,100, he did not have to pay income tax because his gross income was less than the filing requirement for a single person under age 65 ($9,750 for 2012). Printable 1040ez federal tax form He filed a return only to have his withheld income tax refunded to him. Printable 1040ez federal tax form In 2013, Ray began regular work as an independent contractor. Printable 1040ez federal tax form Ray made no estimated tax payments in 2013. Printable 1040ez federal tax form Even though he did owe tax at the end of the year, Ray does not owe the underpayment penalty for 2013 because he had no tax liability in 2012. Printable 1040ez federal tax form Total tax for 2012. Printable 1040ez federal tax form   For 2012, your total tax on Form 1040 is the amount on line 61 reduced by the following. Printable 1040ez federal tax form    Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Printable 1040ez federal tax form Any tax included on line 58 for excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts, or any tax on excess accumulations in qualified retirement plans. Printable 1040ez federal tax form The following write-ins on line 60: Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance, Tax on excess golden parachute payments, Excise tax on insider stock compensation from an expatriated corporation, Look-back interest due under section 167(g), Look-back interest due under section 460(b), Recapture of federal mortgage subsidy, and Additional tax on advance payments of health coverage tax credit when not eligible. Printable 1040ez federal tax form Any refundable credit amounts listed on lines 64a, 65, 66, 70, and credits from Forms 8801 (line 27 only), and 8885 included on line 71. Printable 1040ez federal tax form   If you filed Form 1040A, your 2012 total tax is the amount on line 35 reduced by any refundable credits on lines 38a, 39, and 40. Printable 1040ez federal tax form   If you filed Form 1040EZ, your 2012 total tax is the amount on line 11 reduced by the amount on line 8a. Printable 1040ez federal tax form Figuring Your Required Annual Payment (Part I) Figure your required annual payment in Part I of Form 2210, following the line-by-line instructions. Printable 1040ez federal tax form If you rounded the entries on your tax return to whole dollars, you can round on Form 2210. Printable 1040ez federal tax form Example. Printable 1040ez federal tax form The tax on Lori Lane's 2012 return was $12,400. Printable 1040ez federal tax form Her AGI was not more than $150,000 for either 2012 or 2013. Printable 1040ez federal tax form The tax on her 2013 return (Form 1040, line 55) is $13,044. Printable 1040ez federal tax form Line 56 (self-employment tax) is $8,902. Printable 1040ez federal tax form Her 2013 total tax is $21,946. Printable 1040ez federal tax form For 2013, Lori had $1,600 income tax withheld and made four equal estimated tax payments ($1,000 each). Printable 1040ez federal tax form 90% of her 2013 tax is $19,751. Printable 1040ez federal tax form Because she paid less than her 2012 tax ($12,400) and less than 90% of her 2013 tax ($19,751), and does not meet an exception, Lori knows that she owes a penalty for underpayment of estimated tax. Printable 1040ez federal tax form The IRS will figure the penalty for Lori, but she decides to figure it herself on Form 2210 and pay it with her taxes when she files her tax return. Printable 1040ez federal tax form Lori's required annual payment is $12,400 (100% of 2012 tax) because that is smaller than 90% of her 2013 tax. Printable 1040ez federal tax form Different 2012 filing status. Printable 1040ez federal tax form    If you file a separate return for 2013, but you filed a joint return with your spouse for 2012, see 2012 joint return and 2013 separate returns , earlier, to figure the amount to enter as your 2012 tax on line 8 of Form 2210. Printable 1040ez federal tax form Short Method for Figuring the Penalty (Part III) You may be able to use the short method in Part III of Form 2210 to figure your penalty for underpayment of estimated tax. Printable 1040ez federal tax form If you qualify to use this method, it will result in the same penalty amount as the regular method. Printable 1040ez federal tax form However, either the annualized income installment method or the actual withholding method, explained later, may result in a smaller penalty. Printable 1040ez federal tax form You can use the short method only if you meet one of the following requirements. Printable 1040ez federal tax form You made no estimated tax payments for 2013 (it does not matter whether you had income tax withholding). Printable 1040ez federal tax form You paid the same amount of estimated tax on each of the four payment due dates. Printable 1040ez federal tax form If you do not meet either requirement, figure your penalty using the regular method in Part IV of Form 2210 and the Penalty Worksheet in the instructions. Printable 1040ez federal tax form Note. Printable 1040ez federal tax form If any payment was made before the due date, you can use the short method, but the penalty may be less if you use the regular method. Printable 1040ez federal tax form However, if the payment was only a few days early, the difference is likely to be small. Printable 1040ez federal tax form You cannot use the short method if any of the following apply. Printable 1040ez federal tax form You made any estimated tax payments late. Printable 1040ez federal tax form You checked box C or D in Part II of Form 2210. Printable 1040ez federal tax form You are filing Form 1040NR or 1040NR-EZ and you did not receive wages as an employee subject to U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form income tax withholding. Printable 1040ez federal tax form If you use the short method, you cannot use the annualized income installment method to figure your underpayment for each payment period. Printable 1040ez federal tax form Also, you cannot use your actual withholding during each period to figure your payments for each period. Printable 1040ez federal tax form These methods, which may give you a smaller penalty amount, are explained under Figuring Your Underpayment (Part IV, Section A). Printable 1040ez federal tax form Complete Part III of Form 2210 following the line-by-line instructions in the Instructions for Form 2210. Printable 1040ez federal tax form Regular Method for Figuring the Penalty (Part IV) You can use the regular method in Part IV of Form 2210 to figure your penalty for underpayment of estimated tax if you paid one or more estimated tax payments earlier than the due date. Printable 1040ez federal tax form You must use the regular method in Part IV of Form 2210 to figure your penalty for underpayment of estimated tax if any of the following apply to you. Printable 1040ez federal tax form You paid one or more estimated tax payments on a date after the due date. Printable 1040ez federal tax form You paid at least one, but less than four, installments of estimated tax. Printable 1040ez federal tax form You paid estimated tax payments in un- equal amounts. Printable 1040ez federal tax form You use the annualized income installment method to figure your underpayment for each payment period. Printable 1040ez federal tax form You use your actual withholding during each payment period to figure your payments. Printable 1040ez federal tax form Under the regular method, figure your underpayment for each payment period in Section A, then figure your penalty using the Penalty Worksheet in the Instructions for Form 2210. Printable 1040ez federal tax form Enter the results on line 27 of Section B. Printable 1040ez federal tax form Figuring Your Underpayment (Part IV, Section A) Figure your underpayment of estimated tax for each payment period in Section A following the line-by-line instructions in the Instructions for Form 2210. Printable 1040ez federal tax form Complete lines 20 through 26 of the first column before going to line 20 of the next column. Printable 1040ez federal tax form Required installments—line 18. Printable 1040ez federal tax form   Your required payment for each payment period (line 18) is usually one-fourth of your required annual payment (Part I, line 9). Printable 1040ez federal tax form This method—the regular method—is the one to use if you received your income evenly throughout the year. Printable 1040ez federal tax form   However, if you did not receive your income evenly throughout the year, you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Printable 1040ez federal tax form First complete Schedule AI (Form 2210), then enter the amounts from line 25 of that schedule on line 18 of Form 2210, Part IV. Printable 1040ez federal tax form See Annualized Income Installment Method (Schedule AI), later. Printable 1040ez federal tax form Payments made—line 19. Printable 1040ez federal tax form   Enter in each column the total of: Your estimated tax paid after the due date for the previous column and by the due date shown at the top of the column, and One-fourth of your withholding. Printable 1040ez federal tax form For special rules for figuring your payments, see Form 2210 instructions for line 19. Printable 1040ez federal tax form   If you file Form 1040, your withholding is the amount on line 62, plus any excess social security or tier 1 RRTA tax withholding on line 69. Printable 1040ez federal tax form If you file Form 1040A, your withholding is the amount on line 36 plus any excess social security or tier 1 RRTA tax withholding included in line 41. Printable 1040ez federal tax form Actual withholding method. Printable 1040ez federal tax form    Instead of using one-fourth of your withholding for each quarter, you can choose to use the amounts actually withheld by each due date. Printable 1040ez federal tax form You can make this choice separately for the tax withheld from your wages and for all other withholding. Printable 1040ez federal tax form This includes any excess social security and tier 1 RRTA tax withheld. Printable 1040ez federal tax form   Using your actual withholding may result in a smaller penalty if most of your withholding occurred early in the year. Printable 1040ez federal tax form   If you use your actual withholding, you must check box D in Form 2210, Part II. Printable 1040ez federal tax form Then complete Form 2210 using the regular method (Part IV) and file it with your return. Printable 1040ez federal tax form Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Figure the amount of your penalty for Section B using the Penalty Worksheet in the Form 2210 instructions. Printable 1040ez federal tax form The penalty is imposed on each underpayment amount shown on Form 2210, Section A, line 25, for the number of days that it remained unpaid. Printable 1040ez federal tax form For 2013, there are four rate periods—April 16 through June 30, July 1 through September 30, October 1 through December 31, and January 1, 2014 through April 15, 2014. Printable 1040ez federal tax form A 3% rate applies to all four periods. Printable 1040ez federal tax form Payments. Printable 1040ez federal tax form    Before completing the Penalty Worksheet, it may be helpful to make a list of the payments you made and income tax withheld after the due date (or the last day payments could be made on time) for the earliest payment period an underpayment occurred. Printable 1040ez federal tax form For example, if you had an underpayment for the first payment period, list your payments after April 15, 2013. Printable 1040ez federal tax form You can use the table in the Form 2210 instructions to make your list. Printable 1040ez federal tax form Follow those instructions for listing income tax withheld and payments made with your return. Printable 1040ez federal tax form Use the list to determine when each underpayment was paid. Printable 1040ez federal tax form   If you mail your estimated tax payments, use the date of the U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form postmark as the date of payment. Printable 1040ez federal tax form Line 1b. Printable 1040ez federal tax form   Apply the payments listed to underpayment balance in the first column until it is fully paid. Printable 1040ez federal tax form Apply payments in the order made. Printable 1040ez federal tax form Figuring the penalty. Printable 1040ez federal tax form   If an underpayment was paid in two or more payments on different dates, you must figure the penalty separately for each payment. Printable 1040ez federal tax form On line 3 of the Penalty Worksheet enter the number of days between the due date (line 2) and the date of each payment on line 1b. Printable 1040ez federal tax form On line 4 figure the penalty for the amount of each payment applied on line 1b or the amount remaining unpaid. Printable 1040ez federal tax form If no payments are applied, figure the penalty on the amount on line 1a. Printable 1040ez federal tax form Aid for counting days. Printable 1040ez federal tax form    Table 4-1 provides a simple method for counting the number of days between a due date and a payment date. Printable 1040ez federal tax form Find the number for the date the payment was due by going across to the column of the month the payment was due and moving down the column to the due date. Printable 1040ez federal tax form In the same manner, find the number for the date the payment was made. Printable 1040ez federal tax form Subtract the due date “number” from the payment date “number. Printable 1040ez federal tax form ”   For example, if a payment was due on June 15 (61), but was not paid until September 1 (139), the payment was 78 (139 – 61) days late. Printable 1040ez federal tax form Table 4-1. Printable 1040ez federal tax form Calendar To Determine the Number of Days a Payment Is Late Instructions. Printable 1040ez federal tax form Use this table with Form 2210 if you are completing Part IV, Section B. Printable 1040ez federal tax form First, find the number for the payment due date by going across to the column of the month the payment was due and moving down the column to the due date. Printable 1040ez federal tax form Then, in the same manner, find the number for the date the payment was made. Printable 1040ez federal tax form Finally, subtract the due date number from the payment date number. Printable 1040ez federal tax form The result is the number of days the payment is late. Printable 1040ez federal tax form Example. Printable 1040ez federal tax form The payment due date is June 15 (61). Printable 1040ez federal tax form The payment was made on November 4 (203). Printable 1040ez federal tax form The payment is 142 days late (203 – 61). Printable 1040ez federal tax form Tax Year 2013 Day of 2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014 2014 Month April May June July Aug. Printable 1040ez federal tax form Sept. Printable 1040ez federal tax form Oct. Printable 1040ez federal tax form Nov. Printable 1040ez federal tax form Dec. Printable 1040ez federal tax form Jan. Printable 1040ez federal tax form Feb. Printable 1040ez federal tax form Mar. Printable 1040ez federal tax form Apr. Printable 1040ez federal tax form 1   16 47 77 108 139 169 200 230 261 292 320 351 2   17 48 78 109 140 170 201 231 262 293 321 352 3   18 49 79 110 141 171 202 232 263 294 322 353 4   19 50 80 111 142 172 203 233 264 295 323 354 5   20 51 81 112 143 173 204 234 265 296 324 355 6   21 52 82 113 144 174 205 235 266 297 325 356 7   22 53 83 114 145 175 206 236 267 298 326 357 8   23 54 84 115 146 176 207 237 268 299 327 358 9   24 55 85 116 147 177 208 238 269 300 328 359 10   25 56 86 117 148 178 209 239 270 301 329 360 11   26 57 87 118 149 179 210 240 271 302 330 361 12   27 58 88 119 150 180 211 241 272 303 331 362 13   28 59 89 120 151 181 212 242 273 304 332 363 14   29 60 90 121 152 182 213 243 274 305 333 364 15 0 30 61 91 122 153 183 214 244 275 306 334 365 16 1 31 62 92 123 154 184 215 245 276 307 335   17 2 32 63 93 124 155 185 216 246 277 308 336   18 3 33 64 94 125 156 186 217 247 278 309 337   19 4 34 65 95 126 157 187 218 248 279 310 338   20 5 35 66 96 127 158 188 219 249 280 311 339   21 6 36 67 97 128 159 189 220 250 281 312 340   22 7 37 68 98 129 160 190 221 251 282 313 341   23 8 38 69 99 130 161 191 222 252 283 314 342   24 9 39 70 100 131 162 192 223 253 284 315 343   25 10 40 71 101 132 163 193 224 254 285 316 344   26 11 41 72 102 133 164 194 225 255 286 317 345   27 12 42 73 103 134 165 195 226 256 287 318 346   28 13 43 74 104 135 166 196 227 257 288 319 347   29 14 44 75 105 136 167 197 228 258 289   348   30 15 45 76 106 137 168 198 229 259 290   349   31   46   107 138   199   260 291   350   Annualized Income Installment Method (Schedule AI) If you did not receive your income evenly throughout the year (for example, your income from a shop you operated at a marina was much larger in the summer than it was during the rest of the year), you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Printable 1040ez federal tax form Under this method, your required installment (Part IV, line 18) for one or more payment periods may be less than one-fourth of your required annual payment. Printable 1040ez federal tax form To figure your underpayment using this method, complete Form 2210, Schedule AI. Printable 1040ez federal tax form Schedule AI annualizes your tax at the end of each payment period based on your income, deductions, and other items relating to events that occurred from the beginning of the tax year through the end of the period. Printable 1040ez federal tax form If you use the annualized income installment method, you must check box C in Part II of Form 2210. Printable 1040ez federal tax form Also, you must attach Form 2210 and Schedule AI to your return. Printable 1040ez federal tax form If you use Schedule AI for any payment due date, you must use it for all payment due dates. Printable 1040ez federal tax form Completing Schedule AI. Printable 1040ez federal tax form   Follow the Form 2210 instructions to complete Schedule AI. Printable 1040ez federal tax form For each period shown on Schedule AI, figure your income and deductions based on your method of accounting. Printable 1040ez federal tax form If you use the cash method of accounting (used by most people), include all income actually or constructively received during the period and all deductions actually paid during the period. Printable 1040ez federal tax form Note. Printable 1040ez federal tax form Each period includes amounts from the previous period(s). Printable 1040ez federal tax form Period (a) includes items for January 1 through March 31. Printable 1040ez federal tax form Period (b) includes items for January 1 through May 31. Printable 1040ez federal tax form Period (c) includes items for January 1 through August 31. Printable 1040ez federal tax form Period (d) includes items for the entire year. Printable 1040ez federal tax form Farmers and Fishermen If you are a farmer or fisherman, the following special rules for underpayment of estimated tax apply to you. Printable 1040ez federal tax form The penalty for underpaying your 2013 estimated tax will not apply if you file your return and pay all the tax due by March 3, 2014. Printable 1040ez federal tax form If you are a fiscal year taxpayer, the penalty will not apply if you file your return and pay the tax due by the first day of the third month after the end of your tax year. Printable 1040ez federal tax form Any penalty you owe for underpaying your 2013 estimated tax will be figured from one payment due date, January 15, 2014. Printable 1040ez federal tax form The underpayment penalty for 2013 is figured on the difference between the amount of 2013 withholding plus estimated tax paid by the due date and the smaller of: 662/3% (rather than 90%) of your 2013 tax, or 100% of the tax shown on your 2012 return. Printable 1040ez federal tax form Even if these special rules apply to you, you will not owe the penalty if you meet either of the two conditions discussed under Exceptions . Printable 1040ez federal tax form See Who Must Pay Estimated Tax in chapter 2 for the definition of a farmer or fisherman who is eligible for these special rules. Printable 1040ez federal tax form Form 2210-F. Printable 1040ez federal tax form   Use Form 2210-F to figure any underpayment penalty. Printable 1040ez federal tax form Do not attach it to your return unless you check a box in Part I. Printable 1040ez federal tax form However, if none of the boxes apply to you and you owe a penalty, you do not need to attach Form 2210-F. Printable 1040ez federal tax form Enter the amount from line 16 on Form 1040, line 77 and add the penalty to any balance due on your return or subtract it from your refund. Printable 1040ez federal tax form Keep your filled-in Form 2210-F for your records. Printable 1040ez federal tax form    If none of the boxes on Form 2210-F apply to you and you owe a penalty, the IRS can figure your penalty and send you a bill. Printable 1040ez federal tax form Waiver of Penalty The IRS can waive the penalty for underpayment if either of the following applies. Printable 1040ez federal tax form You did not make a payment because of a casualty, disaster, or other unusual circumstance and it would be inequitable to impose the penalty. Printable 1040ez federal tax form You retired (after reaching age 62) or became disabled in 2012 or 2013 and both the following requirements are met. Printable 1040ez federal tax form You had a reasonable cause for not making the payment. Printable 1040ez federal tax form Your underpayment was not due to willful neglect. Printable 1040ez federal tax form How to request a waiver. Printable 1040ez federal tax form   To request a waiver, see the Instructions for Form 2210. Printable 1040ez federal tax form Farmers and fishermen. Printable 1040ez federal tax form   To request a waiver, see the Instructions for Form 2210-F. Printable 1040ez federal tax form Federally declared disaster. Printable 1040ez federal tax form   Certain estimated tax payment deadlines for taxpayers who reside or have a business in a federally declared disaster area are postponed for a period during and after the disaster. Printable 1040ez federal tax form During the processing of your tax return, the IRS automatically identifies taxpayers located in a covered disaster area (by county or parish) and applies the appropriate penalty relief. Printable 1040ez federal tax form Do not file Form 2210 or 2210-F if your underpayment was due to a federally declared disaster. Printable 1040ez federal tax form If you still owe a penalty after the automatic waiver is applied, we will send you a bill. Printable 1040ez federal tax form   Individuals, estates, and trusts not in a covered disaster area but whose books, records, or tax professionals' offices are in a covered area are also entitled to relief. Printable 1040ez federal tax form Also eligible are relief workers affiliated with a recognized government or charitable organization assisting in the relief activities in a covered disaster area. Printable 1040ez federal tax form If you meet either of these eligibility requirements, you must call the IRS disaster hotline at 1-866-562-5227 and identify yourself as eligible for this relief. Printable 1040ez federal tax form   Details on the applicable disaster postponement period can be found at IRS. Printable 1040ez federal tax form gov. Printable 1040ez federal tax form Enter Tax Relief in Disaster Situations. Printable 1040ez federal tax form Select the federally declared disaster that affected you. Printable 1040ez federal tax form    Worksheet 4-1. Printable 1040ez federal tax form 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Note. Printable 1040ez federal tax form To figure the annualized entries for lines 2, 3, and 5 below, multiply the expected amount for the period by the  annualization amount on line 2 of Schedule AI for the same period. Printable 1040ez federal tax form                   1. Printable 1040ez federal tax form Enter line 11 of your Schedule AI, or line 3 from Worksheet 4-2 1. Printable 1040ez federal tax form       2. Printable 1040ez federal tax form Enter your annualized qualified dividends for the period 2. Printable 1040ez federal tax form           3. Printable 1040ez federal tax form Are you filing Schedule D?               □ Yes. Printable 1040ez federal tax form Enter the smaller of your annualized amount from line 15 or line 16 of Schedule D. Printable 1040ez federal tax form If either line 15 or line 16 is blank or a loss, enter -0-. Printable 1040ez federal tax form 3. Printable 1040ez federal tax form             □ No. Printable 1040ez federal tax form Enter your annualized capital gain distributions from Form 1040, line 13             4. Printable 1040ez federal tax form Add lines 2 and 3   4. Printable 1040ez federal tax form           5. Printable 1040ez federal tax form If you are claiming investment interest expense on Form 4952, enter your annualized amount from line 4g of that form. Printable 1040ez federal tax form Otherwise, enter -0-   5. Printable 1040ez federal tax form           6. Printable 1040ez federal tax form Subtract line 5 from line 4. Printable 1040ez federal tax form If zero or less, enter -0- 6. Printable 1040ez federal tax form       7. Printable 1040ez federal tax form Subtract line 6 from line 1. Printable 1040ez federal tax form If zero or less, enter -0- 7. Printable 1040ez federal tax form       8. Printable 1040ez federal tax form Enter: $36,900 if single or married filing separately, $73,800 if married filing jointly or qualifying widow(er), $49,400 if head of household. Printable 1040ez federal tax form 8. Printable 1040ez federal tax form       9. Printable 1040ez federal tax form Enter the smaller of line 1 or line 8 9. Printable 1040ez federal tax form       10. Printable 1040ez federal tax form Enter the smaller of line 7 or line 9 10. Printable 1040ez federal tax form       11. Printable 1040ez federal tax form Subtract line 10 from line 9. Printable 1040ez federal tax form This amount is taxed at 0% 11. Printable 1040ez federal tax form       12. Printable 1040ez federal tax form Enter the smaller of line 1 or line 6 12. Printable 1040ez federal tax form       13. Printable 1040ez federal tax form Enter the amount from line 11 13. Printable 1040ez federal tax form       14. Printable 1040ez federal tax form Subtract line 13 from line 12 14. Printable 1040ez federal tax form       15. Printable 1040ez federal tax form Multiply line 14 by 15% (. Printable 1040ez federal tax form 15) 15. Printable 1040ez federal tax form   16. Printable 1040ez federal tax form Figure the tax on the amount on line 7. Printable 1040ez federal tax form If the amount on line 7 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Printable 1040ez federal tax form If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 16. Printable 1040ez federal tax form   17. Printable 1040ez federal tax form Add lines 15 and 16 17. Printable 1040ez federal tax form   18. Printable 1040ez federal tax form Figure the tax on the amount on line 1. Printable 1040ez federal tax form If the amount on line 1 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Printable 1040ez federal tax form If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 18. Printable 1040ez federal tax form   19. Printable 1040ez federal tax form Tax on all taxable income. Printable 1040ez federal tax form Enter the smaller of line 17 or line 18. Printable 1040ez federal tax form Also enter this amount on line 12 of Schedule AI in the appropriate column. Printable 1040ez federal tax form However, if you are using this worksheet to figure the tax on the amount on line 3 of Worksheet 4-2, enter the amount from line 19 on Worksheet 4-2, line 4 19. Printable 1040ez federal tax form   Worksheet 4-2. Printable 1040ez federal tax form 2013 Form 2210, Schedule AI—Line 12 Foreign Earned Income Tax Worksheet Before you begin:If Schedule AI, line 11, is zero for the period, do not complete this worksheet. Printable 1040ez federal tax form             1. Printable 1040ez federal tax form Enter the amount from line 11 of Schedule AI for the period 1. Printable 1040ez federal tax form   2. Printable 1040ez federal tax form Enter the annualized amount* of foreign earned income and housing amount excluded or deducted (from  Form 2555, lines 45 and 50, or Form 2555-EZ, line 18) in figuring the amount entered for the period on line 1  of Schedule AI 2. Printable 1040ez federal tax form   3. Printable 1040ez federal tax form Add lines 1 and 2 3. Printable 1040ez federal tax form   4. Printable 1040ez federal tax form Tax on the amount on line 3. Printable 1040ez federal tax form Use the Tax Table, Tax Computation Worksheet, Form 8615**, Qualified Dividends and Capital Gain Tax Worksheet***, or Schedule D Tax Worksheet***, whichever applies. Printable 1040ez federal tax form See the 2013 Instructions for Form 1040, line 44, to find out which tax computation method to use. Printable 1040ez federal tax form (Note. Printable 1040ez federal tax form You do not have to use the same method for each period on Schedule AI. Printable 1040ez federal tax form ) 4. Printable 1040ez federal tax form   5. Printable 1040ez federal tax form Tax on the amount on line 2. Printable 1040ez federal tax form If the amount on line 2 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Printable 1040ez federal tax form If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 5. Printable 1040ez federal tax form   6. Printable 1040ez federal tax form Subtract line 5 from line 4. Printable 1040ez federal tax form Enter the result here and on line 12 of Schedule AI. Printable 1040ez federal tax form If zero or less,  enter -0- 6. Printable 1040ez federal tax form             * To figure the annualized amount for line 2, multiply the exclusion or deduction for the period by the annualization amount on line 2 of Schedule AI for the same period. Printable 1040ez federal tax form     ** If you use Form 8615 to figure the tax on line 4 above, enter the amount from line 3 above on line 4 of Form 8615. Printable 1040ez federal tax form If the child's parent files Form 2555 or 2555-EZ, enter the amounts from lines 3 and 4 of the parent's Foreign Earned Income Tax Worksheet on lines 6 and 10, respectively, of Form 8615. Printable 1040ez federal tax form Complete the rest of Form 8615 according to its instructions. Printable 1040ez federal tax form Then complete lines 5 and 6 above. Printable 1040ez federal tax form     *** Enter the amount from line 3 above on line 1 of the Qualified Dividends and Capital Gain Tax Worksheet (or Worksheet 4-1 in this chapter) or the Schedule D Tax Worksheet, whichever worksheet you use to figure the tax on line 4 above. Printable 1040ez federal tax form Complete that worksheet through line 6 (line 10 if you use the Schedule D Tax Worksheet). Printable 1040ez federal tax form Next, determine if you have a capital gain excess. Printable 1040ez federal tax form     Figuring capital gain excess. Printable 1040ez federal tax form To find out if you have a capital gain excess for the appropriate period, subtract line 11 of Schedule AI from line 6 of Worksheet 4-1 or your Qualified Dividends and Capital Gain Tax Worksheet (line 10 of your Schedule D Tax Worksheet). Printable 1040ez federal tax form If the result is more than zero, that amount is your capital gain excess. Printable 1040ez federal tax form     No capital gain excess. Printable 1040ez federal tax form If you do not have a capital gain excess, complete the rest of Worksheet 4-1, Qualified Dividends and Capital Gain Tax Worksheet, or the Schedule D Tax Worksheet according to the worksheet's instructions. Printable 1040ez federal tax form Then complete lines 5 and 6 above. Printable 1040ez federal tax form     Capital gain excess. Printable 1040ez federal tax form If you have a capital gain excess, complete a second Worksheet 4-1, Qualified Dividends and Capital Gain Tax Worksheet, or Schedule D Tax Worksheet (whichever applies) as instructed above but in its entirety and with the following additional modifications. Printable 1040ez federal tax form Then complete lines 5 and 6 above. Printable 1040ez federal tax form     Make the modifications below only for purposes of filling out Worksheet 4-2 above. Printable 1040ez federal tax form     a. Printable 1040ez federal tax form Reduce (but not below zero) the amount you otherwise would enter on line 3 of your Worksheet 4-1, line 3 of your Qualified Dividends and Capital Gain Tax Worksheet, or line 9 of your Schedule D Tax Worksheet by your capital gain excess. Printable 1040ez federal tax form     b. Printable 1040ez federal tax form Reduce (but not below zero) the amount you otherwise would enter on line 2 of your Worksheet 4-1, line 2 of your Qualified Dividends and Capital Gain Tax Worksheet, or line 6 of your Schedule D Tax Worksheet by any of your capital gain excess not used in (a) above. Printable 1040ez federal tax form     c. Printable 1040ez federal tax form Reduce (but not below zero) the amount on your Schedule D (Form 1040), line 18, by your capital gain excess. Printable 1040ez federal tax form     d. Printable 1040ez federal tax form Include your capital gain excess as a loss on line 16 of your Unrecaptured Section 1250 Gain Worksheet in the 2013 Instructions for Schedule D (Form 1040). Printable 1040ez federal tax form   Prev  Up  Next   Home   More Online Publications
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The Printable 1040ez Federal Tax Form

Printable 1040ez federal tax form 37. Printable 1040ez federal tax form   Other Credits Table of Contents What's New Introduction Useful Items - You may want to see: Nonrefundable CreditsAdoption Credit Alternative Motor Vehicle Credit Alternative Fuel Vehicle Refueling Property Credit Credit to Holders of Tax Credit Bonds Foreign Tax Credit Mortgage Interest Credit Nonrefundable Credit for Prior Year Minimum Tax Plug-in Electric Drive Motor Vehicle Credit Residential Energy Credits Retirement Savings Contributions Credit (Saver's Credit) Refundable CreditsCredit for Tax on Undistributed Capital Gain Health Coverage Tax Credit Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld What's New Adoption credit. Printable 1040ez federal tax form  The maximum adoption credit is $12,970 for 2013. Printable 1040ez federal tax form See Adoption Credit . Printable 1040ez federal tax form Plug-in electric vehicle credit. Printable 1040ez federal tax form  This credit has expired. Printable 1040ez federal tax form Credit for prior year minimum tax. Printable 1040ez federal tax form  The refundable portion of the credit for prior year minimum tax has expired. Printable 1040ez federal tax form Excess withholding of social security and railroad retirement tax. Printable 1040ez federal tax form  Social security tax and tier 1 railroad retirement (RRTA) tax were both withheld during 2013 at a rate of 6. Printable 1040ez federal tax form 2% of wages up to $113,700. Printable 1040ez federal tax form If you worked for more than one employer and had too much social security or RRTA tax withheld during 2013, you may be entitled to a credit for the excess withholding. Printable 1040ez federal tax form See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld . Printable 1040ez federal tax form Introduction This chapter discusses the following nonrefundable credits. Printable 1040ez federal tax form Adoption credit. Printable 1040ez federal tax form Alternative motor vehicle credit. Printable 1040ez federal tax form Alternative fuel vehicle refueling property credit. Printable 1040ez federal tax form Credit to holders of tax credit bonds. Printable 1040ez federal tax form Foreign tax credit. Printable 1040ez federal tax form Mortgage interest credit. Printable 1040ez federal tax form Nonrefundable credit for prior year minimum tax. Printable 1040ez federal tax form Plug-in electric drive motor vehicle credit. Printable 1040ez federal tax form Residential energy credits. Printable 1040ez federal tax form Retirement savings contributions credit. Printable 1040ez federal tax form This chapter also discusses the following refundable credits. Printable 1040ez federal tax form Credit for tax on undistributed capital gain. Printable 1040ez federal tax form Health coverage tax credit. Printable 1040ez federal tax form Credit for excess social security tax or railroad retirement tax withheld. Printable 1040ez federal tax form Several other credits are discussed in other chapters in this publication. Printable 1040ez federal tax form Child and dependent care credit (chapter 32). Printable 1040ez federal tax form Credit for the elderly or the disabled (chapter 33). Printable 1040ez federal tax form Child tax credit (chapter 34). Printable 1040ez federal tax form Education credits (chapter 35). Printable 1040ez federal tax form Earned income credit (chapter 36). Printable 1040ez federal tax form Nonrefundable credits. Printable 1040ez federal tax form   The first part of this chapter, Nonrefundable Credits , covers ten credits that you subtract from your tax. Printable 1040ez federal tax form These credits may reduce your tax to zero. Printable 1040ez federal tax form If these credits are more than your tax, the excess is not refunded to you. Printable 1040ez federal tax form Refundable credits. Printable 1040ez federal tax form   The second part of this chapter, Refundable Credits , covers three credits that are treated as payments and are refundable to you. Printable 1040ez federal tax form These credits are added to the federal income tax withheld and any estimated tax payments you made. Printable 1040ez federal tax form If this total is more than your total tax, the excess will be refunded to you. Printable 1040ez federal tax form Useful Items - You may want to see: Publication 502 Medical and Dental Expenses 514 Foreign Tax Credit for  Individuals 530 Tax Information for Homeowners 590 Individual Retirement Arrangements (IRAs) Form (and Instructions) 1116 Foreign Tax Credit 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains 5695 Residential Energy Credits 8396 Mortgage Interest Credit 8801 Credit For Prior Year Minimum Tax — Individuals, Estates, and Trusts 8828 Recapture of Federal Mortgage Subsidy 8839 Qualified Adoption Expenses 8880 Credit for Qualified Retirement Savings Contributions 8885 Health Coverage Tax Credit 8910 Alternative Motor Vehicle Credit 8911 Alternative Fuel Vehicle Refueling Property Credit 8912 Credit to Holders of Tax Credit Bonds 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit Nonrefundable Credits The credits discussed in this part of the chapter can reduce your tax. Printable 1040ez federal tax form However, if the total of these credits is more than your tax, the excess is not refunded to you. Printable 1040ez federal tax form Adoption Credit You may be able to take a tax credit of up to $12,970 for qualified expenses paid to adopt an eligible child. Printable 1040ez federal tax form The credit may be allowed for the adoption of a child with special needs even if you do not have any qualified expenses. Printable 1040ez federal tax form If your modified adjusted gross income (AGI) is more than $194,580, your credit is reduced. Printable 1040ez federal tax form If your modified AGI is $234,580 or more, you cannot take the credit. Printable 1040ez federal tax form Qualified adoption expenses. Printable 1040ez federal tax form   Qualified adoption expenses are reasonable and necessary expenses directly related to, and whose principal purpose is for, the legal adoption of an eligible child. Printable 1040ez federal tax form These expenses include: Adoption fees, Court costs, Attorney fees, Travel expenses (including amounts spent for meals and lodging) while away from home, and Re-adoption expenses to adopt a foreign child. Printable 1040ez federal tax form Nonqualified expenses. Printable 1040ez federal tax form   Qualified adoption expenses do not include expenses: That violate state or federal law, For carrying out any surrogate parenting arrangement, For the adoption of your spouse's child, For which you received funds under any federal, state, or local program, Allowed as a credit or deduction under any other federal income tax rule, or Paid or reimbursed by your employer or any other person or organization. Printable 1040ez federal tax form Eligible child. Printable 1040ez federal tax form   The term “eligible child” means any individual: Under 18 years old, or Physically or mentally incapable of caring for himself or herself. Printable 1040ez federal tax form Child with special needs. Printable 1040ez federal tax form   An eligible child is a child with special needs if all three of the following apply. Printable 1040ez federal tax form The child was a citizen or resident of the United States (including U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form possessions) at the time the adoption process began. Printable 1040ez federal tax form A state (including the District of Columbia) has determined that the child cannot or should not be returned to his or her parents' home. Printable 1040ez federal tax form The state has determined that the child will not be adopted unless assistance is provided to the adoptive parents. Printable 1040ez federal tax form Factors used by states to make this determination include: The child's ethnic background, The child's age, Whether the child is a member of a minority or sibling group, and Whether the child has a medical condition or a physical, mental, or emotional handicap. Printable 1040ez federal tax form When to take the credit. Printable 1040ez federal tax form   Generally, until the adoption becomes final, you take the credit in the year after your qualified expenses were paid or incurred. Printable 1040ez federal tax form If the adoption becomes final, you take the credit in the year your expenses were paid or incurred. Printable 1040ez federal tax form See the Instructions for Form 8839 for more specific information on when to take the credit. Printable 1040ez federal tax form Foreign child. Printable 1040ez federal tax form   If the child is not a U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form citizen or resident at the time the adoption process began, you cannot take the credit unless the adoption becomes final. Printable 1040ez federal tax form You treat all adoption expenses paid or incurred in years before the adoption becomes final as paid or incurred in the year it becomes final. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   Figure your 2013 nonrefundable credit and any carryforward to 2014 on Form 8839 and attach it to your Form 1040. Printable 1040ez federal tax form Include the credit in your total for Form 1040, line 53. Printable 1040ez federal tax form Check box c and enter “8839” on the line next to that box. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information, see the Instructions for Form 8839. Printable 1040ez federal tax form Alternative Motor Vehicle Credit You may be able to take this credit if you place a qualified fuel cell vehicle in service in 2013. Printable 1040ez federal tax form Amount of credit. Printable 1040ez federal tax form   Generally, you can rely on the manufacturer's certification to the IRS that a specific make, model, and model year vehicle qualifies for the credit and the amount of the credit for which it qualifies. Printable 1040ez federal tax form In the case of a foreign manufacturer, you generally can rely on its domestic distributor's certification to the IRS. Printable 1040ez federal tax form   Ordinarily the amount of the credit is 100% of the manufacturer's (or domestic distributor's) certification to the IRS of the maximum credit allowable. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   To take the credit, you must complete Form 8910 and attach it to your Form 1040. Printable 1040ez federal tax form Include the credit in your total for Form 1040, line 53. Printable 1040ez federal tax form Check box c and enter “8910” on the line next to that box. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on the credit, see the Instructions for Form 8910. Printable 1040ez federal tax form Alternative Fuel Vehicle Refueling Property Credit You may be able to take a credit if you place qualified alternative fuel vehicle refueling property in service in 2013. Printable 1040ez federal tax form Qualified alternative fuel vehicle refueling property. Printable 1040ez federal tax form   Qualified alternative fuel vehicle refueling property is any property (other than a building or its structural components) used for either of the following. Printable 1040ez federal tax form To store or dispense alternative fuel into the fuel tank of a motor vehicle propelled by the fuel, but only if the storage or dispensing is at the point where the fuel is delivered into that tank. Printable 1040ez federal tax form To recharge an electric vehicle, but only if the recharging property is located at the point where the vehicle is recharged. Printable 1040ez federal tax form   The following are alternative fuels. Printable 1040ez federal tax form Any fuel at least 85% of the volume of which consists of one or more of the following: ethanol, natural gas, compressed natural gas, liquefied natural gas, liquefied petroleum gas, or hydrogen. Printable 1040ez federal tax form Any mixture which consists of two or more of the following: biodiesel, diesel fuel, or kerosene, and at least 20% of the volume of which consists of biodiesel determined without regard to any kerosene. Printable 1040ez federal tax form Electricity. Printable 1040ez federal tax form Amount of the credit. Printable 1040ez federal tax form   For personal use property, the credit is generally the smaller of 30% of the property's cost or $1,000. Printable 1040ez federal tax form For business use property, the credit is generally the smaller of 30% of the property's cost or $30,000. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   To take the credit, you must complete Form 8911 and attach it to your Form 1040. Printable 1040ez federal tax form Include the credit in your total for Form 1040, line 53. Printable 1040ez federal tax form Check box c and enter “8911” on the line next to that box. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on the credit, see the Form 8911 instructions. Printable 1040ez federal tax form Credit to Holders of Tax Credit Bonds Tax credit bonds are bonds in which the holder receives a tax credit in lieu of some or all of the interest on the bond. Printable 1040ez federal tax form You may be able to take a credit if you are a holder of one of the following bonds. Printable 1040ez federal tax form Clean renewable energy bonds (issued before 2010). Printable 1040ez federal tax form New clean renewable energy bonds. Printable 1040ez federal tax form Qualified energy conservation bonds. Printable 1040ez federal tax form Qualified school construction bonds. Printable 1040ez federal tax form Qualified zone academy bonds. Printable 1040ez federal tax form Build America bonds. Printable 1040ez federal tax form In some instances, an issuer may elect to receive a credit for interest paid on the bond. Printable 1040ez federal tax form If the issuer makes this election, you cannot also claim a credit. Printable 1040ez federal tax form Interest income. Printable 1040ez federal tax form   The amount of any tax credit allowed (figured before applying tax liability limits) must be included as interest income on your tax return. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   Complete Form 8912 and attach it to your Form 1040. Printable 1040ez federal tax form Include the credit in your total for Form 1040, line 53. Printable 1040ez federal tax form Check box c and enter “8912” on the line next to that box. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information, see the Instructions for Form 8912. Printable 1040ez federal tax form Foreign Tax Credit You generally can choose to take income taxes you paid or accrued during the year to a foreign country or U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form possession as a credit against your U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form income tax. Printable 1040ez federal tax form Or, you can deduct them as an itemized deduction (see chapter 22). Printable 1040ez federal tax form You cannot take a credit (or deduction) for foreign income taxes paid on income that you exclude from U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form tax under any of the following. Printable 1040ez federal tax form Foreign earned income exclusion. Printable 1040ez federal tax form Foreign housing exclusion. Printable 1040ez federal tax form Income from Puerto Rico exempt from U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form tax. Printable 1040ez federal tax form Possession exclusion. Printable 1040ez federal tax form Limit on the credit. Printable 1040ez federal tax form   Unless you can elect not to file Form 1116 (see Exception , later), your foreign tax credit cannot be more than your U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form tax liability (Form 1040, line 44), multiplied by a fraction. Printable 1040ez federal tax form The numerator of the fraction is your taxable income from sources outside the United States. Printable 1040ez federal tax form The denominator is your total taxable income from U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form and foreign sources. Printable 1040ez federal tax form See Publication 514 for more information. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   Complete Form 1116 and attach it to your Form 1040. Printable 1040ez federal tax form Enter the credit on Form 1040, line 47. Printable 1040ez federal tax form Exception. Printable 1040ez federal tax form   You do not have to complete Form 1116 to take the credit if all of the following apply. Printable 1040ez federal tax form All of your gross foreign source income was from interest and dividends and all of that income and the foreign tax paid on it were reported to you on Form 1099-INT, Form 1099-DIV, or Schedule K-1 (or substitute statement). Printable 1040ez federal tax form If you had dividend income from shares of stock, you held those shares for at least 16 days. Printable 1040ez federal tax form You are not filing Form 4563 or excluding income from sources within Puerto Rico. Printable 1040ez federal tax form The total of your foreign taxes was not more than $300 (not more than $600 if married filing jointly). Printable 1040ez federal tax form All of your foreign taxes were: Legally owed and not eligible for a refund, and Paid to countries that are recognized by the United States and do not support terrorism. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on the credit and these requirements, see the Instructions for Form 1116. Printable 1040ez federal tax form Mortgage Interest Credit The mortgage interest credit is intended to help lower-income individuals own a home. Printable 1040ez federal tax form If you qualify, you can take the credit each year for part of the home mortgage interest you pay. Printable 1040ez federal tax form Who qualifies. Printable 1040ez federal tax form   You may be eligible for the credit if you were issued a qualified mortgage credit certificate (MCC) from your state or local government. Printable 1040ez federal tax form Generally, an MCC is issued only in connection with a new mortgage for the purchase of your main home. Printable 1040ez federal tax form Amount of credit. Printable 1040ez federal tax form   Figure your credit on Form 8396. Printable 1040ez federal tax form If your mortgage loan amount is equal to (or smaller than) the certified indebtedness (loan) amount shown on your MCC, enter on Form 8396, line 1, all the interest you paid on your mortgage during the year. Printable 1040ez federal tax form   If your mortgage loan amount is larger than the certified indebtedness amount shown on your MCC, you can figure the credit on only part of the interest you paid. Printable 1040ez federal tax form To find the amount to enter on line 1, multiply the total interest you paid during the year on your mortgage by the following fraction. Printable 1040ez federal tax form      Certified indebtedness amount on your MCC     Original amount of your mortgage   Limit based on credit rate. Printable 1040ez federal tax form   If the certificate credit rate is more than 20%, the credit you are allowed cannot be more than $2,000. Printable 1040ez federal tax form If two or more persons (other than a married couple filing a joint return) hold an interest in the home to which the MCC relates, this $2,000 limit must be divided based on the interest held by each person. Printable 1040ez federal tax form See Publication 530 for more information. Printable 1040ez federal tax form Carryforward. Printable 1040ez federal tax form   Your credit (after applying the limit based on the credit rate) is also subject to a limit based on your tax that is figured using Form 8396. Printable 1040ez federal tax form If your allowable credit is reduced because of this tax liability limit, you can carry forward the unused portion of the credit to the next 3 years or until used, whichever comes first. Printable 1040ez federal tax form   If you are subject to the $2,000 limit because your certificate credit rate is more than 20%, you cannot carry forward any amount more than $2,000 (or your share of the $2,000 if you must divide the credit). Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form    Figure your 2013 credit and any carryforward to 2014 on Form 8396, and attach it to your Form 1040. Printable 1040ez federal tax form Be sure to include any credit carryforward from 2010, 2011, and 2012. Printable 1040ez federal tax form   Include the credit in your total for Form 1040, line 53. Printable 1040ez federal tax form Check box c and enter “8396” on the line next to that box. Printable 1040ez federal tax form Reduced home mortgage interest deduction. Printable 1040ez federal tax form   If you itemize your deductions on Schedule A (Form 1040), you must reduce your home mortgage interest deduction by the amount of the mortgage interest credit shown on Form 8396, line 3. Printable 1040ez federal tax form You must do this even if part of that amount is to be carried forward to 2014. Printable 1040ez federal tax form For more information about the home mortgage interest deduction, see chapter 23. Printable 1040ez federal tax form Recapture of federal mortgage subsidy. Printable 1040ez federal tax form   If you received an MCC with your mortgage loan, you may have to recapture (pay back) all or part of the benefit you received from that program. Printable 1040ez federal tax form The recapture may be required if you sell or dispose of your home at a gain during the first 9 years after the date you closed your mortgage loan. Printable 1040ez federal tax form See the Instructions for Form 8828 and chapter 15 for more information. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on the credit, see the Form 8396 instructions. Printable 1040ez federal tax form Nonrefundable Credit for Prior Year Minimum Tax The tax laws give special treatment to some kinds of income and allow special deductions and credits for some kinds of expenses. Printable 1040ez federal tax form If you benefit from these laws, you may have to pay at least a minimum amount of tax in addition to any other tax on these items. Printable 1040ez federal tax form This is called the alternative minimum tax. Printable 1040ez federal tax form The special treatment of some items of income and expenses only allows you to postpone paying tax until a later year. Printable 1040ez federal tax form If in prior years you paid alternative minimum tax because of these tax postponement items, you may be able to take a credit for prior year minimum tax against your current year's regular tax. Printable 1040ez federal tax form You may be able to take a credit against your regular tax if for 2012 you had: An alternative minimum tax liability and adjustments or preferences other than exclusion items, A minimum tax credit that you are carrying forward to 2013, or An unallowed qualified electric vehicle credit. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form    Figure your 2013 nonrefundable credit (if any), and any carryforward to 2014 on Form 8801, and attach it to your Form 1040. Printable 1040ez federal tax form Include the credit in your total for Form 1040, line 53, and check box b. Printable 1040ez federal tax form You can carry forward any unused credit for prior year minimum tax to later years until it is completely used. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on the credit, see the Instructions for Form 8801. Printable 1040ez federal tax form Plug-in Electric Drive Motor Vehicle Credit You may be able to take this credit if you placed in service for business or personal use a qualified plug-in electric drive motor vehicle or a qualified two- or three-wheeled plug-in electric vehicle in 2013 and you meet some other requirements. Printable 1040ez federal tax form Qualified plug-in electric drive motor vehicle. Printable 1040ez federal tax form   This is a new vehicle with at least four wheels that: Is propelled to a significant extent by an electric motor that draws electricity from a battery that has a capacity of not less than 4 kilowatt hours and is capable of being recharged from an external source of electricity, and Has a gross vehicle weight of less than 14,000 pounds. Printable 1040ez federal tax form Qualified two- or three-wheeled plug-in electric vehicle. Printable 1040ez federal tax form   This is a new vehicle with two or three wheels that: Is capable of achieving a speed of 45 miles per hour or greater, Is propelled to a significant extent by an electric motor that draws electricity from a battery that has a capacity of not less than 2. Printable 1040ez federal tax form 5 kilowatt hours and is capable of being recharged from an external source of electricity, and Has a gross vehicle weight of less than 14,000 pounds. Printable 1040ez federal tax form Certification and other requirements. Printable 1040ez federal tax form   Generally, you can rely on the manufacturer's (or, in the case of a foreign manufacturer, its domestic distributor's) certification to the IRS that a specific make, model, and model year vehicle qualifies for the credit and, if applicable, the amount of the credit for which it qualifies. Printable 1040ez federal tax form However, if the IRS publishes an announcement that the certification for any specific make, model, and model year vehicle has been withdrawn, you cannot rely on the certification for such a vehicle purchased after the date of publication of the withdrawal announcement. Printable 1040ez federal tax form   The following requirements must also be met to qualify for the credit. Printable 1040ez federal tax form You are the owner of the vehicle. Printable 1040ez federal tax form If the vehicle is leased, only the lessor, and not the lessee, is entitled to the credit. Printable 1040ez federal tax form You placed the vehicle in service during 2013. Printable 1040ez federal tax form The vehicle is manufactured primarily for use on public streets, roads, and highways. Printable 1040ez federal tax form The original use of the vehicle began with you. Printable 1040ez federal tax form You acquired the vehicle for your use or to lease to others, and not for resale. Printable 1040ez federal tax form In the case of the qualified two- or three-wheeled plug-in electric vehicle, the vehicle is acquired after 2011 and before 2014. Printable 1040ez federal tax form You use the vehicle primarily in the United States. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   To take the credit, you must complete Form 8936 and attach it to your Form 1040. Printable 1040ez federal tax form Include the credit in your total for Form 1040, line 53. Printable 1040ez federal tax form Check box c and enter “8936” on the line next to that box. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on the credit, see the Form 8936 instructions. Printable 1040ez federal tax form Residential Energy Credits You may be able to take one or both of the following credits if you made energy saving improvements to your home located in the United States in 2013. Printable 1040ez federal tax form Nonbusiness energy property credit. Printable 1040ez federal tax form Residential energy efficient property credit. Printable 1040ez federal tax form If you are a member of a condominium management association for a condominium you own or a tenant-stockholder in a cooperative housing corporation, you are treated as having paid your proportionate share of any costs of the association or corporation for purposes of these credits. Printable 1040ez federal tax form Nonbusiness energy property credit. Printable 1040ez federal tax form   You may be able to take a credit equal to the sum of: 10% of the amount paid or incurred for qualified energy efficiency improvements installed during 2013, and Any residential energy property costs paid or incurred in 2013. Printable 1040ez federal tax form   There is a lifetime limit of $500 for all years after 2005, of which only $200 can be for windows; $50 for any advanced main air circulating fan; $150 for any qualified natural gas, propane, or oil furnace or hot water boiler; and $300 for any item of energy efficient building property. Printable 1040ez federal tax form    If the total of nonbusiness energy property credits you have taken in previous years (after 2005) is more than $500, you cannot take this credit in 2013. Printable 1040ez federal tax form   Qualified energy efficiency improvements are the following improvements that are new, can be expected to remain in use at least 5 years, and meet certain requirements for energy efficiency. Printable 1040ez federal tax form Any insulation material or system that is specifically and primarily designed to reduce heat loss or gain of a home. Printable 1040ez federal tax form Exterior window (including skylights). Printable 1040ez federal tax form Exterior doors. Printable 1040ez federal tax form Any metal or asphalt roof that has appropriate pigmented coatings or cooling granules specifically and primarily designed to reduce heat gain of the home. Printable 1040ez federal tax form   Residential energy property is any of the following. Printable 1040ez federal tax form Certain electric heat pump water heaters; electric heat pumps; central air conditioners; natural gas, propane, or oil water heater; and stoves that use biomass fuel. Printable 1040ez federal tax form Qualified natural gas, propane, or oil furnaces; and qualified natural gas, propane, or oil hot water boilers. Printable 1040ez federal tax form Certain advanced main air circulating fans used in natural gas, propane, or oil furnaces. Printable 1040ez federal tax form Residential energy efficient property credit. Printable 1040ez federal tax form   You may be able to take a credit of 30% of your costs of qualified solar electric property, solar water heating property, fuel cell property, small wind energy property, and geothermal heat pump property. Printable 1040ez federal tax form The credit amount for costs paid for qualified fuel cell property is limited to $500 for each one-half kilowatt of capacity of the property. Printable 1040ez federal tax form Basis reduction. Printable 1040ez federal tax form   You must reduce the basis of your home by the amount of any credit allowed. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   Complete Form 5695 and attach it to your Form 1040. Printable 1040ez federal tax form Enter the credit on Form 1040, line 52. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on these credits, see the Form 5695 instructions. Printable 1040ez federal tax form Retirement Savings Contributions Credit (Saver's Credit) You may be able to take this credit if you, or your spouse if filing jointly, made: Contributions (other than rollover contributions) to a traditional or Roth IRA, Elective deferrals to a 401(k) or 403(b) plan (including designated Roth contributions) or to a governmental 457, SEP, or SIMPLE plan, Voluntary employee contributions to a qualified retirement plan (including the federal Thrift Savings Plan), or Contributions to a 501(c)(18)(D) plan. Printable 1040ez federal tax form However, you cannot take the credit if either of the following applies. Printable 1040ez federal tax form The amount on Form 1040, line 38, or Form 1040A, line 22, is more than $29,500 ($44,250 if head of household; $59,000 if married filing jointly). Printable 1040ez federal tax form The person(s) who made the qualified contribution or elective deferral (a) was born after January 1, 1996, (b) is claimed as a dependent on someone else's 2013 tax return, or (c) was a student (defined next). Printable 1040ez federal tax form Student. Printable 1040ez federal tax form   You were a student if during any part of 5 calendar months of 2013 you: Were enrolled as a full-time student at a school, or Took a full-time, on-farm training course given by a school or a state, county, or local government agency. Printable 1040ez federal tax form School. Printable 1040ez federal tax form   A school includes a technical, trade, or mechanical school. Printable 1040ez federal tax form It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   Figure the credit on Form 8880. Printable 1040ez federal tax form Enter the credit on your Form 1040, line 50, or your Form 1040A, line 32, and attach Form 8880 to your return. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on the credit, see the Form 8880 instructions. Printable 1040ez federal tax form Refundable Credits The credits discussed in this part of the chapter are treated as payments of tax. Printable 1040ez federal tax form If the total of these credits, withheld federal income tax, and estimated tax payments is more than your total tax, the excess can be refunded to you. Printable 1040ez federal tax form Credit for Tax on Undistributed Capital Gain You must include in your income any amounts that regulated investment companies (commonly called mutual funds) or real estate investment trusts (REITs) allocated to you as capital gain distributions, even if you did not actually receive them. Printable 1040ez federal tax form If the mutual fund or REIT paid a tax on the capital gain, you are allowed a credit for the tax since it is considered paid by you. Printable 1040ez federal tax form The mutual fund or REIT will send you Form 2439 showing your share of the undistributed capital gains and the tax paid, if any. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   To take the credit, attach Copy B of Form 2439 to your Form 1040. Printable 1040ez federal tax form Include the amount from box 2 of your Form 2439 in the total for Form 1040, line 71, and check box a. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   See Capital Gain Distributions in chapter 8 for more information on undistributed capital gains. Printable 1040ez federal tax form Health Coverage Tax Credit You may be able to take this credit for any month in which all the following statements were true on the first day of the month. Printable 1040ez federal tax form You were an eligible trade adjustment assistance (TAA) recipient, alternative TAA (ATAA) recipient, reemployment TAA (RTAA) recipient, or Pension Benefit Guaranty Corporation (PBGC) pension recipient (defined later); or you were a qualified family member of one of these individuals when the individual died or you finalized a divorce with one of these individuals. Printable 1040ez federal tax form You and/or your family members were covered by a qualified health insurance plan for which you paid the entire premiums, or your portion of the premiums, directly to your health plan or to “U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form Treasury–HCTC. Printable 1040ez federal tax form ” You were not enrolled in Medicare Part A, B, or C, or you were enrolled in Medicare but your family member(s) qualified for the HCTC. Printable 1040ez federal tax form You were not enrolled in Medicaid or the Children's Health Insurance Program (CHIP). Printable 1040ez federal tax form You were not enrolled in the Federal Employees Health Benefits program (FEHBP) or eligible to receive benefits under the U. Printable 1040ez federal tax form S. Printable 1040ez federal tax form military health system (TRICARE). Printable 1040ez federal tax form You were not imprisoned under federal, state, or local authority. Printable 1040ez federal tax form Your employer did not pay 50% or more of the cost of coverage. Printable 1040ez federal tax form You did not receive a 65% COBRA premium reduction from your former employer or COBRA administrator. Printable 1040ez federal tax form But, you cannot take the credit if you can be claimed as a dependent on someone else's 2013 tax return. Printable 1040ez federal tax form If you meet all of these conditions, you may be able to take a credit of up to 72. Printable 1040ez federal tax form 5% of the amount you paid directly to a qualified health plan for you and any qualifying family members. Printable 1040ez federal tax form You cannot take the credit for insurance premiums on coverage that was actually paid for with a National Emergency Grant. Printable 1040ez federal tax form The amount you paid for qualified health insurance coverage must be reduced by any Archer MSA and health savings account distributions used to pay for the coverage. Printable 1040ez federal tax form You can take this credit on your tax return or have it paid on your behalf in advance to your insurance company. Printable 1040ez federal tax form If the credit is paid on your behalf in advance, that amount will reduce the amount of the credit you can take on your tax return. Printable 1040ez federal tax form TAA recipient. Printable 1040ez federal tax form   You were an eligible TAA recipient on the first day of the month if, for any day in that month or the prior month, you: Received a trade readjustment allowance, or Would have been entitled to receive such an allowance except that you had not exhausted all rights to any unemployment insurance (except additional compensation that is funded by a state and is not reimbursed from any federal funds) to which you were entitled (or would be entitled if you applied). Printable 1040ez federal tax form Example. Printable 1040ez federal tax form You received a trade adjustment allowance for January 2013. Printable 1040ez federal tax form You were an eligible TAA recipient on the first day of January and February. Printable 1040ez federal tax form Alternative TAA recipient. Printable 1040ez federal tax form   You were an eligible alternative TAA recipient on the first day of the month if, for that month or the prior month, you received benefits under an alternative trade adjustment assistance program for older workers established by the Department of Labor. Printable 1040ez federal tax form Example. Printable 1040ez federal tax form You received benefits under an alternative trade adjustment assistance program for older workers for October 2013. Printable 1040ez federal tax form The program was established by the Department of Labor. Printable 1040ez federal tax form You were an eligible alternative TAA recipient on the first day of October and November. Printable 1040ez federal tax form RTAA recipient. Printable 1040ez federal tax form   You were an eligible RTAA recipient on the first day of the month if, for that month or the prior month, you received benefits under a reemployment trade adjustment assistance program for older workers established by the Department of Labor. Printable 1040ez federal tax form PBGC pension recipient. Printable 1040ez federal tax form   You were an eligible PBGC pension recipient on the first day of the month, if both of the following apply. Printable 1040ez federal tax form You were age 55 or older on the first day of the month. Printable 1040ez federal tax form You received a benefit for that month paid by the PBGC under title IV of the Employee Retirement Income Security Act of 1974 (ERISA). Printable 1040ez federal tax form If you received a lump-sum payment from the PBGC after August 5, 2002, you meet item (2) above for any month that you would have received a PBGC benefit if you had not received the lump-sum payment. Printable 1040ez federal tax form How to take the credit. Printable 1040ez federal tax form   To take the credit, complete Form 8885 and attach it to your Form 1040. Printable 1040ez federal tax form Include your credit in the total for Form 1040, line 71, and check box c. Printable 1040ez federal tax form   You must attach health insurance bills (or COBRA payment coupons) and proof of payment for any amounts you include on Form 8885, line 2. Printable 1040ez federal tax form For details, see Publication 502 or Form 8885. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For definitions and special rules, including those relating to qualified health insurance plans, qualifying family members, the effect of certain life events, and employer-sponsored health insurance plans, see Publication 502 and the Form 8885 instructions. Printable 1040ez federal tax form Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld Most employers must withhold social security tax from your wages. Printable 1040ez federal tax form If you work for a railroad employer, that employer must withhold tier 1 railroad retirement (RRTA) tax and tier 2 RRTA tax. Printable 1040ez federal tax form If you worked for two or more employers in 2013, you may have had too much social security tax withheld from your pay. Printable 1040ez federal tax form If one or more of those employers was a railroad employer, too much tier 1 RRTA tax may also have been withheld at the 6. Printable 1040ez federal tax form 2% rate. Printable 1040ez federal tax form You can claim the excess social security or tier 1 RRTA tax as a credit against your income tax when you file your return. Printable 1040ez federal tax form For the tier 1 RRTA tax, only use the portion of the tier 1 RRTA tax that was taxed at the 6. Printable 1040ez federal tax form 2% rate when figuring if excess tier 1 RRTA tax was withheld; do not include any portion of the tier 1 RRTA tax that was withheld at the Medicare tax rate (1. Printable 1040ez federal tax form 45%) or the Additional Medicare Tax rate (. Printable 1040ez federal tax form 9%). Printable 1040ez federal tax form The following table shows the maximum amount of wages subject to tax and the maximum amount of tax that should have been withheld for 2013. Printable 1040ez federal tax form Type of tax Maximum  wages subject to tax Maximum tax that should have been withheld Social security or RRTA tier 1 $113,700 $7,049. Printable 1040ez federal tax form 40 RRTA tier 2 $84,300 $3,709. Printable 1040ez federal tax form 20 All wages are subject to Medicare tax withholding. Printable 1040ez federal tax form   Use Form 843, Claim for Refund and Request for Abatement, to claim a refund of excess tier 2 RRTA tax. Printable 1040ez federal tax form Be sure to attach a copy of all of your W-2 forms. Printable 1040ez federal tax form Use Worksheet 3-3 in Publication 505, Tax Withholding and Estimated Tax, to help you figure the excess amount. Printable 1040ez federal tax form Employer's error. Printable 1040ez federal tax form   If any one employer withheld too much social security or tier 1 RRTA tax, you cannot take the excess as a credit against your income tax. Printable 1040ez federal tax form The employer should adjust the tax for you. Printable 1040ez federal tax form If the employer does not adjust the overcollection, you can file a claim for refund using Form 843. Printable 1040ez federal tax form Joint return. Printable 1040ez federal tax form   If you are filing a joint return, you cannot add the social security or tier 1 RRTA tax withheld from your spouse's wages to the amount withheld from your wages. Printable 1040ez federal tax form Figure the withholding separately for you and your spouse to determine if either of you has excess withholding. Printable 1040ez federal tax form How to figure the credit if you did not work for a railroad. Printable 1040ez federal tax form   If you did not work for a railroad during 2013, figure the credit as follows: 1. Printable 1040ez federal tax form Add all social security tax withheld (but not more than $7,049. Printable 1040ez federal tax form 40 for each employer). Printable 1040ez federal tax form Enter the total here   2. Printable 1040ez federal tax form Enter any uncollected social security tax on tips or group-term life insurance included in the total on Form 1040, line 60, identified by “UT”   3. Printable 1040ez federal tax form Add lines 1 and 2. Printable 1040ez federal tax form If $7,049. Printable 1040ez federal tax form 40 or less, stop here. Printable 1040ez federal tax form You cannot take  the credit   4. Printable 1040ez federal tax form Social security tax limit 7,049. Printable 1040ez federal tax form 40 5. Printable 1040ez federal tax form Credit. Printable 1040ez federal tax form Subtract line 4 from line 3. Printable 1040ez federal tax form Enter the result here and on Form 1040, line 69 (or Form 1040A, line 41) $ Example. Printable 1040ez federal tax form You are married and file a joint return with your spouse who had no gross income in 2013. Printable 1040ez federal tax form During 2013, you worked for the Brown Technology Company and earned $60,000 in wages. Printable 1040ez federal tax form Social security tax of $3,720 was withheld. Printable 1040ez federal tax form You also worked for another employer in 2013 and earned $55,000 in wages. Printable 1040ez federal tax form $3,410 of social security tax was withheld from these wages. Printable 1040ez federal tax form Because you worked for more than one employer and your total wages were more than $113,700, you can take a credit of $80. Printable 1040ez federal tax form 60 for the excess social security tax withheld. Printable 1040ez federal tax form 1. Printable 1040ez federal tax form Add all social security tax withheld (but not more than $7,049. Printable 1040ez federal tax form 40 for each employer). Printable 1040ez federal tax form Enter the total here $7,130. Printable 1040ez federal tax form 00 2. Printable 1040ez federal tax form Enter any uncollected social security tax on tips or group-term life insurance included in the total on Form 1040, line 60, identified by “UT” -0- 3. Printable 1040ez federal tax form Add lines 1 and 2. Printable 1040ez federal tax form If $7,049. Printable 1040ez federal tax form 40 or less, stop here. Printable 1040ez federal tax form You cannot take the credit 7,130. Printable 1040ez federal tax form 00 4. Printable 1040ez federal tax form Social security tax limit 7,049. Printable 1040ez federal tax form 40 5. Printable 1040ez federal tax form Credit. Printable 1040ez federal tax form Subtract line 4 from line 3. Printable 1040ez federal tax form Enter the result here and on Form 1040, line 69 (or Form 1040A, line 41) $80. Printable 1040ez federal tax form 60 How to figure the credit if you worked for a railroad. Printable 1040ez federal tax form   If you were a railroad employee at any time during 2013, figure the credit as follows: 1. Printable 1040ez federal tax form Add all social security and tier 1 RRTA tax withheld at the 6. Printable 1040ez federal tax form 2% rate (but not more than $7,049. Printable 1040ez federal tax form 40 for each employer). Printable 1040ez federal tax form Enter the total here   2. Printable 1040ez federal tax form Enter any uncollected social security and tier 1 RRTA tax on tips or group-term life insurance included in the total on Form 1040, line 60, identified by “UT”   3. Printable 1040ez federal tax form Add lines 1 and 2. Printable 1040ez federal tax form If $7,049. Printable 1040ez federal tax form 40 or less, stop here. Printable 1040ez federal tax form You cannot take  the credit   4. Printable 1040ez federal tax form Social security and tier 1 RRTA  tax limit 7,049. Printable 1040ez federal tax form 40 5. Printable 1040ez federal tax form Credit. Printable 1040ez federal tax form Subtract line 4 from line 3. Printable 1040ez federal tax form Enter the result here and on Form 1040, line 69 (or Form 1040A, line 41) $ How to take the credit. Printable 1040ez federal tax form   Enter the credit on Form 1040, line 69, or include it in the total for Form 1040A, line 41. Printable 1040ez federal tax form More information. Printable 1040ez federal tax form   For more information on the credit, see Publication 505. Printable 1040ez federal tax form Prev  Up  Next   Home   More Online Publications